（原标题：加纳阶梯式矿产资源税制度将实施） 据"加纳网"2月25日报道。加纳财政部长福森在幕后与黄金矿业公司进行谈判，向其提供部分让步，以 推动矿产特许权使用费立法获得通过，该立法将使该国的特许权使用费率翻一番以上，而此时全球金价 已攀升至每盎司5100美元以上的历史新高。预计议会将于3月份审议该法案。 福森提出，如果业界接受目前正在议会审议的一项新的阶梯式矿产资源税制度，他将把增长与可持续发 展税（GSL）的税率从3%降至1%，降低两个百分点。加纳矿业商会首席执行官阿什格贝透露了这一让 步，并证实该提议远未达到业界的预期，矿业商会要求完全取消3%的税率。 除非议会修改相关法律，否则新的特许权使用费制度预计将立即生效。该制度将以5%至12%的浮动税 率取代加纳目前统一的特许权使用费税率，金价每上涨500美元，税率就上调约1个百分点。目前金价已 超过每盎司5100美元，按此税率上限计算，企业需支付的特许权使用费将是目前支付额的两倍多。 仅金田公司（Gold Fields）一家，在2025年就向加纳支付了9880万美元的黄金特许权使用费，当时金价 持续高于每盎司2300美元，全年均按最高5%的税率计算。根据拟议的 ...

Core Viewpoint - Au Gold Corp has filed a National Instrument 43-101 Technical Report related to its acquisition of a 100% interest in the Havelock Gold-Antimony Project, located in the Victorian gold fields of Australia, with the transaction expected to close around March 4, 2026 [1] Group 1: Acquisition Details - The Havelock Gold-Antimony Project spans 11,663 hectares and is situated between Bendigo and Ballarat in Australia [1] - The acquisition agreement was made with Leviathan Gold Australia, a subsidiary of Leviathan Metals Corp, and has received conditional approval from the TSX Venture Exchange [1] - The company plans to conduct follow-up exploration work after the acquisition is finalized [2] Group 2: Technical Report Findings - During the preparation of the Technical Report, seven rock samples were collected, with gold assays ranging from below detection to 12.2 g/t gold [2] - One notable sample returned 12.20 g/t gold and 0.18% antimony, located approximately 1,300 meters northwest of the McFarlane Shaft, where historical gold-antimony was documented [2] Group 3: Investor Relations Services - The company has engaged David Jan Consulting for investor relations services at a monthly rate of less than $3,000, with the agreement dated February 24, 2026 [3] - Additionally, an agreement with Northern Venture Group Inc. for investor relations services, including market research and digital marketing, has been established, with a monthly fee of $2,000 for a term expiring on July 31, 2026 [5] Group 4: Company Overview - Au Gold Corp is focused on advancing its flagship Havelock gold-antimony project and the Ponderosa gold project in British Columbia, Canada [7]

Gold mining stocks singled out as investment bank lifts gold forecast Proactive uses images sourced from Shutterstock Analysts at JP Morgan retain AngloGold Ashanti Limited (ADR) (NYSE:AU) and Fresnillo PLC (LSE:FRES) as top picks, citing “strong mark-to-market upgrades”, as the bank also lifted its long-term gold price assumption to $4,500 an ounce. These miners offer investors additional potential for cash returns, and scope for re-ratings relative to peers, the bank said in a note. JP also stays Ove ...

金田公司已完成达芒矿区的可行性研究。据评估，达芒金矿至少还能再运营九年，预计年产量在10万至 15万盎司之间。维持如此长的矿山寿命需要5亿至6亿美元的资本投资，假设当前金价水平保持不变，预 计该矿在评估期内将保持盈利。 据"城市新闻网"2月19日报道，南非金田公司已确认，在政府决定将该资产收归国有后，该公司将于 2026年4月18日正式放弃对达芒金矿的所有权和运营权。 根据加纳的采矿框架，租赁期满后，资产将归还国家，由政府决定其未来的所有权和运营结构。金田对 达芒金矿的租约曾于2025年4月到期，该公司申请了延期，但加纳政府更倾向于将该资产收归政府所 有。过渡团队将于2026年4月19日起暂时接管领导和运营职能，正式运营者的任命仍将由政府决定。 达芒金矿的退出标志着金田公司在加纳的业务发生了重大变化，与此同时，该公司正在与有关部门就塔 夸金矿的续租事宜进行磋商。 （原标题：南非金田公司将退出达芒金矿） ...

Financial Data and Key Metrics Changes - The company reported a significant increase in attributable production, up 18% year-on-year to 2.44 million ounces [7][21] - Headline earnings rose 170% year-on-year to $2.6 billion, with adjusted free cash flow increasing 391% to just shy of $3 billion [21][22] - All-in costs increased by 3% and all-in sustaining costs by 1%, primarily due to higher royalties and strengthening producer currencies [8][13] Business Line Data and Key Metrics Changes - Gruyere production increased by 42,000 ounces due to the acquisition of Gold Road Resources and higher tonnes milled [11] - South Deep production rose by 16%, driven by improved mining grades and stope turnover [18] - Damang production decreased by 28% due to processing stockpiles, while Tarkwa saw a 12% reduction in production ounces due to prioritizing waste stripping [18][19] Market Data and Key Metrics Changes - Approximately 44% of production came from Australia, with notable growth in Chile and Canada through Salares Norte and the Windfall project [5] - The average gold price for the period was about $3,500 per ounce, contributing to increased cash flow [21] Company Strategy and Development Direction - The company is focused on optimizing its asset portfolio and has identified several opportunities for asset optimization for 2026 [3] - A capital allocation policy was revamped to deliver 35% of free cash flow before discretionary investments to shareholders [4] - The company aims to advance the Windfall project towards a final investment decision (FID) by mid-2026 [29][32] Management's Comments on Operating Environment and Future Outlook - Management acknowledged cost inflation as a significant concern, particularly regarding rising royalty rates and strengthening currencies [42] - The company is confident in its ability to manage costs and improve operational efficiency while maintaining a strong balance sheet [42][68] - Future production guidance for 2026 is set between 2.4-2.6 million ounces, with all-in sustaining costs projected between $1,800 and $2,000 per ounce [38] Other Important Information - The company announced a special dividend of ZAR 4.50 per share and a share buyback program of $100 million [4][22] - Total shareholder returns for the year amounted to ZAR 31.90 per share, a 220% increase from 2024 [27] Q&A Session Summary Question: What is the most troublesome KPI on your radar at the moment? - Management highlighted cost inflation and the need to progress the Tarkwa lease renewal as key concerns [42] Question: Could you outline the current exploration roadmap? - The company plans to prioritize brownfield exploration, particularly at Windfall, while ramping up greenfield exploration efforts [44] Question: What is the rationale for a $100 million buyback on a market cap of $47 billion? - The buyback program is seen as a way to balance shareholder returns, catering to different preferences among shareholders [47][49] Question: Can you discuss the current situation in Ghana regarding royalties? - The royalty bill is expected to be passed into law soon, but the current lease agreement provides some protection until 2027 [55][56] Question: What is the expected impact of the proposed royalty increase on Tarkwa? - The potential increase could lead to an additional $350 per ounce in costs at current spot prices [81]

Gold Fields (NYSE:GFI) H2 2025 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsAdrian Hammond - Executive DirectorAlex Dall - CFOChris Gratias - EVP of Strategy, Planning and Corporate DevelopmentJongisa Magagula - EVP of Investor Relations and Corporate AffairsMike Fraser - CEOConference Call ParticipantsChris Nicholson - Equity AnalystRené Hochreiter - Partner and AnalystMike FraserGood afternoon, good morning, and good evening for those that have joined the presentation of our financial y ...

Gold Fields (NYSE:GFI) H2 2025 Earnings call February 19, 2026 08:00 AM ET Speaker5Good afternoon, good morning, and good evening for those that have joined the presentation of our financial year 2025 results. And on behalf of the team at Gold Fields, I'm really pleased to deliver a very, very strong set of results for the group. Going into the presentation, I will run through a short presentation that'll be shared between myself and Alex, and then we will spend some time at the back end addressing question ...

Tarkwa open pit, Ghana Gold Fields FY 2025 Results Mike Fraser: CEO Alex Dall: CFO Note to investors Forward Looking Statements This announcement contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this announcement may be forward-looking statements. Forward-looking statements may be identified by the use of words such as "aim", "anticipate", "will" ...

Core Viewpoint - Gold-related stocks experienced a significant decline, with spot gold dropping over 2.6% to $4860.7 [1] Group 1: Market Reaction - Harmony Gold (HMY.US) fell by more than 7% [1] - Gold Fields (GFI.US) and Pan American Silver (PAAS.US) both dropped over 6.8% [1] Group 2: Negotiation Updates - The second round of negotiations regarding Iran has concluded [1] - Iranian Foreign Ministry spokesperson Baghaei stated that Iran is maintaining an open attitude, discussing nuclear issues and sanctions relief [1] - The Iranian delegation is prepared to stay in Geneva for several days or even weeks to reach an agreement [1]

Group 1 - The core viewpoint of the news is that Golden Fields Inc. (GFI.US) has issued a positive earnings forecast for 2025, expecting earnings per share to be between $3.87 and $4.11, representing a year-on-year growth of 178% to 196%, driven primarily by rising gold prices and increased gold sales [1] Group 2 - In the past week (as of February 12, 2026), Golden Fields' stock has shown significant volatility, with a price range fluctuation of 10.26%. On the earnings forecast release date (February 6), the stock price increased by 6.91%, but on February 12, it experienced a single-day decline of 8.94%, closing at $52.15. The total trading volume during this period was approximately $663 million, indicating that market sentiment is influenced by earnings news and gold price trends [2] Group 3 - CIBC Capital Markets released a report on February 12, 2026, maintaining a "Buy" rating for Golden Fields and raising the target price to $57, based on optimistic expectations regarding gold price trends and the company's growth potential. Concurrently, gold prices have risen above $5,000, further supporting bullish sentiment among institutions [3]